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Burberry sales fall 35% in China on back of Covid lockdowns
Lola handbag range and signature trenchcoat give luxury fashion retailer boost elsewhere
Burberry has reported sales growth of only 1% in its latest financial quarter because of the impact of Covid-19 lockdowns in China, while sales were boosted elsewhere by its Lola handbag range and signature trenchcoat.
The luxury fashion retailer said sales fell 35% in mainland China because of restrictions and store closures to contain the latest outbreak of the coronavirus, while sales grew 16% across the rest of the world in the 13 weeks to 2 July.
Read the original article at The Guardian